The Student Revolving Loan Fund was established under the Student Revolving Loan Fund Act, 1976-20. It replaced the Higher Education Loan Fund, which was then administered by the Tertiary Section of the Ministry of Education, Youth Affairs and Culture.

Purpose

The purpose of the SRLF is to provide loans to eligible Barbadians to assist in financing areas of study including various academic, technical and vocational studies.

Funding

The project was financed jointly by the Inter-American Development Bank and the Government of Barbados. In recent years, the SRLF has been financed by receipts from borrowers.

Categories

The categories for financing Post-Secondary Local, Regional, International & Online studies are as follows:

• Doctoral degrees
• Master’s degrees
• Graduate diplomas
• Graduate certificates
• Bachelor’s degrees
• Advanced diplomas/ Associates degrees
• Diplomas
• Professional certifications
• Vocational qualifications